Mega Millions Annuity Cash Converter

Here's how much money you’ll take home if you choose the cash lump sum option on your dr🧸eam Mega Millions jackpot win.

Annuity jackpot

Enter an am🌊ou🤡nt to find the estimated cash lump sum and associated taxes.

Cash lump sum jackpot

The estimated cash jackpot when the advertised jackpot♔ is $20,000,000.

$8,910,891

Federal tax

Select your filing status.

-$2,138,614

State tax

Select your state.

-$427,723

Net jackpot after tax

$6,344,554

Notes

  • The cash lump sum jackpot value shown here is an estimate calculated based on percentages used by the most recent Mega Millions draw.
  • The lottery always withholds 24% of jackpot payments for federal taxes. You'll owe any additional taxes when you file your next return.
  • We assume single state residency only and do not consider non-state resident tax. In the situation when the winner resides in a different state than the one where the winnings were registered, additional state taxes may be added.
  • In some states, the lottery may also withhold a percentage of winnings for state taxes.